Anchorage Capital CLO 5 to refinance $392.5 million of notes April 17

By Marisa Wong

Morgantown, W.Va., April 7 – Anchorage Capital CLO 5, Ltd./Anchorage Capital CLO 5, LLC’s class A, B and C notes will be redeemed on April 17.

Holders of a majority of the subordinated notes have directed a refinancing of those three series, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed in full as follows:

• $305 million outstanding class A notes at a redemption price of $307,000,167.13, which includes $2,000,167.13 of accrued interest;

• $57.5 million outstanding class B notes at a redemption price of $57,948,955.69, which includes $448,955.69 of accrued interest; and

• $30 million outstanding class C notes at a redemption price of $30,305,487.75, which includes $305,487.75 of accrued interest.

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